ITR-5 Filing Consultant
ITR-5 Filing is applicable to Partnership Firms and Limited Liability Partnerships (LLPs) that need to report their business income, profits, and tax details under the Income Tax Act. This form is used by firms not eligible to file ITR-7, including professional firms, trading firms, and LLPs engaged in any kind of business or service activity. Hiring an ITR-5 filing consultant ensures accurate return filing, compliance with tax laws, and timely submission — helping your firm avoid penalties and focus on growth.
Get Expert Help for ITR-5 Filing
What is ITR-5 and Who Should File It?
ITR-5 is an Income Tax Return form designed for Partnership Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), and certain co-operative societies. It is used to report business income, profits, deductions, and tax liabilities under the Income Tax Act.
You should file ITR-5 if your entity is:
A Partnership Firm or LLP engaged in business or professional activities.
An Association of Persons (AOP) or Body of Individuals (BOI).
A Business Trust or Investment Fund.
A Co-operative Society or Local Authority (not filing ITR-7).
This form is not applicable to individuals, HUFs, or companies filing under other ITR categories. Filing ITR-5 ensures compliance with tax regulations, accurate reporting of income, and helps firms avoid penalties and maintain transparency in financial records.
Eligibility Criteria for ITR-5 Filing
ITR-5 is an Income Tax Return form designed for Partnership Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), and certain co-operative societies. It is used to report business income, profits, deductions, and tax liabilities under the Income Tax Act.
You should file ITR-5 if your entity is:
A Partnership Firm or LLP engaged in business or professional activities.
An Association of Persons (AOP) or Body of Individuals (BOI).
A Business Trust or Investment Fund.
A Co-operative Society or Local Authority (not filing ITR-7).
This form is not applicable to individuals, HUFs, or companies filing under other ITR categories. Filing ITR-5 ensures compliance with tax regulations, accurate reporting of income, and helps firms avoid penalties and maintain transparency in financial records.
Documents Required for ITR-5 Filing
PAN Card of the firm/LLP and all partners or members
Partnership Deed or LLP Agreement
Financial Statements – Balance Sheet, Profit & Loss Account, and Capital Accounts
Tax Audit Report (Form 3CA/3CB & 3CD) – if applicable
Bank Statements for the financial year
Details of Income & Expenses with depreciation schedule
Tax Payment Proofs – Advance tax, Self-assessment tax, and TDS details (Form 26AS)
GST Returns – if registered under GST
Investment & Deduction Proofs – under sections like 80G, 80IA, etc.
Digital Signature Certificate (DSC) – mandatory for LLPs and audited firms
Benefits of Timely and Accurate ITR-5 Filing
Avoid Penalties: File on time to skip late fees and legal issues.
Easy Loan Approvals: Filed returns help you get business loans faster.
Carry Forward Losses: You can claim and use business losses in future years.
Builds Trust: Shows your firm is honest and compliant with tax laws.
Quick Refunds: Early filing helps get tax refunds without delays.
Legal Compliance: Keeps your firm or LLP fully compliant every year.
Peace of Mind: Avoids last-minute stress and helps plan taxes better.
Filing Deadline for ITR-5 for FY 2024–25
For the financial year 2024–25 (Assessment Year 2025–26), the Income Tax Department has extended the due date for filing income tax returns to 15 September 2025.
Here’s how it applies to different entities:
Non-audited entities/firms not needing a tax audit must file by 15 September 2025.
Audited firms/LLPs (where audit is required): The deadline for them may be 31 October 2025.
Belated returns (if you miss the deadline): You can still file a belated return up to 31 December 2025, though with penalties and interest
Get Your ITR-5 Filed Online Easy Steps
Provide your PAN, business type, and financial year information. Our experts review your eligibility and filing requirements.
Submit your financial statements, bank details, and tax proofs securely through our online portal. All data is kept confidential.
Our tax professionals prepare your ITR-5, verify income and deductions, and share a draft summary for your approval.
Once approved, your return is e-filed on the Income Tax Department portal, and you receive the official ITR-V acknowledgment for your records.
Common Mistakes to Avoid While Filing ITR-5
For the financial year 2024–25 (Assessment Year 2025–26), the Income Tax Department has extended the due date for filing income tax returns to 15 September 2025.
Here’s how it applies to different entities:
Non-audited entities/firms not needing a tax audit must file by 15 September 2025.
Audited firms/LLPs (where audit is required): The deadline for them may be 31 October 2025.
Belated returns (if you miss the deadline): You can still file a belated return up to 31 December 2025, though with penalties and interest
Reach Out to Our Expert CAs for ITR-5 Filing
Filing ITR-5 can be tricky, but our team of experienced Chartered Accountants (CAs) makes it simple and stress-free. We handle everything — from preparing your financial data to filing your return accurately on the Income Tax portal.
Our experts ensure error-free, timely, and compliant ITR-5 filing for Partnership Firms, LLPs, AOPs, and BOIs. With personalized support, transparent pricing, and complete data security, we make sure your business stays fully compliant with tax laws.
💼 Get professional help today — save time, avoid penalties, and file your ITR-5 with confidence!
